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Economics
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In a market economy, government intervention

A. will always improve market outcomes.
B. reduces efficiency in the presence of externalities.
C. may improve market outcomes in the presence of externalities.
D. is necessary to control individual greed.

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Kristelle Balando
Kristelle BalandoLv10
15 Sep 2020

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Related questions

In an economy in which decisions are guided by prices and individual self-interest, there is: 
 
(i) the potential to achieve efficiency in production.
(ii) a strong need for government intervention in the market.
(iii) less efficiency than would be observed in a centrally-planned economy.
(iv) more need for a strong legal system to control individual greed than would be needed in a centrally-planned economy.

Does the government improve overall market outcomes? Give some examples of how sometimes government intervenes in the market to improve efficiency or equality.

In an economy in which decisions are guided by prices and individual self-interest, there is:

a. the potential to reach efficiency in production 

b. a strong need for government intervention in the economy.

c. less efficiency than otherwise be in a centrally planned economy. 

d. more need for a strong legal system to control individual greed than would be needed in a centrally planned economy  

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